Korea Exchange inks contract with S&P Dow Jones Indices
Korea Exchange said yesterday that it signed a contract with S&P Dow Jones Indices at its New York headquarters on Monday, local time, to co-develop a new index and promote sales of the KRX index around the world.
Under the contract, Korea stock market indices, including the Kospi 200, will be promoted by S&P in North America, Europe and Hong Kong, targeting institutional investors.
This will help KRX attract more foreign investors and increase profits abroad. The KRX and S&P will develop a new index in order to respond to diversifying demand for indirect investment.
Thanks to the S&P global network, the use of thr KRX indices will increase due to it the widening of channels for other countries, while accessibility to the Korean stock market also will rise, helping global investors to invest here, the institution said.